Huaneng Power International Inc. (00902) has announced the completion of its 2026 fifteenth tranche of ultra-short-term financing notes.
The company's 2025 annual general meeting, held on June 16, 2026, approved a resolution allowing the company to issue domestic and offshore debt financing instruments on a rolling basis, in one or multiple tranches, with an outstanding principal balance not exceeding the equivalent of RMB 170 billion, from the time of approval at the 2025 annual general meeting until the conclusion of the 2026 annual general meeting. This means that at any point within the authorized period, the outstanding principal balance of domestic and offshore debt financing instruments issued by the company shall not exceed the equivalent of RMB 170 billion.
The current tranche of notes has a issuance size of RMB 2 billion, a term of 99 days, a unit face value of RMB 100, and an issuance rate of 1.31%.
The notes were publicly issued in the national interbank bond market through bookbuilding and centralized placement, with Shanghai Pudong Development Bank Co., Ltd. and China Bohai Bank Co., Ltd. serving as lead underwriters organizing the underwriting syndicate.
The proceeds from this tranche of notes will be used to supplement the company's working capital, adjust its debt structure, repay bank borrowings, and repay bonds nearing maturity.
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